Inflation Calculator | Keep Track of Canadian CPI and Inflation

Time 2020-07-16 19:03:22

Web Name: Inflation Calculator | Keep Track of Canadian CPI and Inflation

WebSite: http://inflationcalculator.ca

ID:26865

Keywords:

Keep,Track,Inflation,

Description:

Canadian Inflation Calculator This calculator will help you measure the effect of inflation in Canada throughout the years. To use it, simply enter a dollar value, then select the years to compare. For instance, if you want to know the purchasing power of $100 today versus $100 in 1920, you can type 100 in the that costs field, then 1920 in the first year field, and 2018 in the second one.How does this calculator work?This calculator uses the latest Consumer Price Index (CPI) rates from Statistics Canada to compute the inflation rate. Statcan releases a new CPI rate every month, and has historical rates going all the way down to 1914. Our calculator engine extracts the data from Statcan as soon as it is published, so you can be guaranteed that the numbers here are accurate.What is the Consumer Price Index (CPI)?The Consumer Price Index measures the increase of the cost of basic products and services that Canadians consume on a daily basis, such as: food, shelter, clothing, healthcare, transportation, alcoholic beverages and tobacco products. A CPI increase means the inflation goes up. The CPI is calculated monthly and is published by Statistics Canada on their website as soon as it comes out. Every province has its own CPI rates as well.How do I calculate inflation rates per province?This inflation calculator is for Canada as a whole. We are in the process of developing province-based inflation calculators so you can measure the inflation rate in British Columbia, Alberta, Ontario and other provinces. Stay tuned!Notice a mistake or bug with the calculator?We do our best to ensure our results are accurate and match the CPI data provided by Statistics Canada. However, like with every script, errors and/or bugs do occasionally pop up, especially during the update process. If you think you are getting the wrong numbers, or you are getting an error message during the calculation, please contact our administrator and it will get resolved in a flash.Get notified once a month. It's free. Now, never miss Canadian inflation updates by joining our free monthly newsletter...Your information will never be shared or sold to a 3rd party. These Consumer Price Indexes were released by Statistics Canada on June 17, 2020 for the month of May 2020. View the CPI release schedule for more details on future release dates. 2020 Inflation Charts Disclaimer: InflationCalculator.ca is an independent service that is not affiliated with Statscan or the Government of Canada. We extract data from Statscan through a script and use it in our calculations. If you have any suggestion, comment or would like to notify us of a bug or calculation error, please use our contact form. Get notified once a month. It's free. Now, never miss Canadian inflation updates by joining our free monthly newsletter...Your information will never be shared or sold to a 3rd party.Inflation is the heartbeat of the economyNever miss Canadian inflation updates by joining our free monthly newsletter...Your information will never be shared or sold to a 3rd party.

TAGS:Keep Track Inflation 

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